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Audusdidea

AUDUSD | Buy Opportunity. Get ready to get in!If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AUDUSD , I think we are going to see an upward movement. If you are going to go short now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by MaxProfHacker
AUD/USD Forex Signal: Extremely Bullish Above 0.7170Bullish View Buy the AUD/USD and set a take-profit at 0.7230. Add a stop-loss at 0.7070. Timeline: 1-2 days. Bearish View Set a sell-stop at 0.7100 and a take-profit at 0.7000. Add a stop-loss at 0.7200. The AUD/USD pair wavered on Thursday morning as the market reflected on the hawkish tone by the Federal Reserve chair and the positive numbers from the US and Australia. The pair is also wavering as investors focus on the upcoming jobs numbers from the United States. The pair is trading at 0.7143, which is slightly higher than this week’s lowest point. Hawkish Federal Reserve The biggest catalyst for the AUD/USD and the US dollar has been the relatively hawkish statement by the Federal Reserve chair. On his first day of congressional testimony, Jerome Powell sent shockwaves by his statement on quantitative easing and tapering. He said that the central bank will continue tapering its asset purchases at a quicker pace than expected. In its interest rate decision in November, the bank signalled that it will end its purchases in June next year. Therefore, there is a likelihood that the bank will now wind down the policy in the first quarter of 2022. This statement will therefore put pressure on the Reserve Bank of Australia (RBA), which will start its meeting on Monday and deliver its decision on Tuesday. There is a likelihood that the bank will signal that it will start hiking rates earlier than 2024. In the previous meeting, the bank signalled that it will hike in 2024. Therefore, with data from Australia being relatively strong, there is a likelihood that the bank will also turn hawkish next week. On Wednesday, data published by the country’s statistics agency showed that the economy contracted by 1.9% in the third quarter. This was a better figure than the median estimate of -2.7%. The economy grew by 3.9% on a year-on-year basis, In addition, the manufacturing sector did well in November, according to numbers by Markit and Australia Industry Group. And today, numbers showed that the country’s retail sales rebounded in October. AUD/USD Forecast The four-hour chart shows that the AUD/USD pair declined to a low of 0.7065 this week. This price was along the first support of the standard pivot points. It then rebounded and is now trading at 0.7130, which is slightly below the standard pivot point. The pair is still below the 50-day moving average while the MACD has started moving upwards. Therefore, the pair will likely keep rising as bulls target the first resistance at 0.7230.
BLong
by SmoothJB
AUD/USD WILL PUSH DOWNAUD / USD (Australian Dollar vs US Dollar) Aussie dollar will make a new high around 50% area or 61% are which is shown on a chart and after that, we will finish (B) wave there and we will come down for making new low as a (C) wave. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
Short
by anantadhungana